Report - Alibaba, Large Institutions Recruited By The Chinese Government To Spread Its Digital Currency



It will be one of these financial giants to transmit the Chinese government's first cryptocurrency to 1.3 billion citizens later this year.

The People's Bank of China is about to launch a digital currency which will be issued to financial and other type of business institutions in the months to come.

The Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China and the Construction Bank of China. Technology companies are included in the list; Alibaba, Union Pay and Tencent.

An eight company might be added to the currency distributor program which, according to an anonymous Forbes source will come in just immediately before the launch.

Coin News Extra earlier gathered that the Chinese government will back the digital currency that will be rolled out by the national bank which has speculation to be launched in November.

An angry citizen doesn't like the idea that the Chinese government is trying to trick its people that the Central Bank Digital Currency (CBDC) is like bitcoin.



Posted from my blog with SteemPress : https://coinnewsextra.com/index.php/2019/08/28/report-alibaba-large-institutions-recruited-by-the-chinese-government-to-spread-its-digital-currency/

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